Pamorex placement raises $3.5 million
Shareholders of Pamorex Minerals (TSE) recently gave their approval, at a special meeting, to a private placement with Giant Yellowknife Mines (TSE) involving about 4.8 million shares at $0.726 per sh…
News
Heavy trading in Inco shares
Calling Inco Ltd. (TSE) a heavy trader of late would be an understatement. The nickel producer, which recently received shareholder approval for a recapitalization plan involving a “poison pill” provi…
Goldpost Resources
Goldpost Resources (TSE) says it has entered into an agreement with 1988 Can-Tax Minerals Limited Partnership whereby the latter has agreed to fund a minimum of $825,000 and a maximum of $1 million of…
Nickel prices skyrocket while platinum plummets
An unusual double-peak in the current metals price cycle is being experienced by nickel, with the cash price of the metal at presstime hitting $9.16(US) per lb (with a 3- month price of $8.12) on the …
Montreal Exchange Livelier trading days
A relatively quiet market of late gave way to holiday-jitters during the report period, with investors in a more upbeat mood and Inco Ltd. reminding everybody what “heavy” trading is all about. On the…
U.S. REPORT (December 26, 1988)
U.S. Gold Corp. (NASDAQ) has completed a $12.75 million(US) private placement. Combined with an $18 million gold loan, the financing will provide the required funding for the expansion of a gold minin…
U.S. REPORT Magma offering copper notes
An offering of $200 million(US) principal amount of copper interest- indexed senior subordinated notes due 1998 is being made by Magma Copper (NASDAQ). Interest on the copper notes will be indexed to …
U.S. REPORT Brican drilling Nevada property
A reverse circulation drilling program by Brican Resources (VSE) is under way on the Cottonwood gold prospect, part of the North Peak project, in Nevada’s Battle Mountain district. The 18-hole drill p…
Belmoral to buy Ketza mine
Toronto-based Belmoral Mines (TSE) expects to increase its gold production in 1989 to more than 100,000 oz by acquiring the troubled Ketza River gold mine in the Yukon Territory. Belmoral says it has …
Riverton Begins Program on Belleterre Mine
A $600,000- exploration program is now in progress on the Belleterre mine in northwestern Quebec, a former producer in Guillet Twp., which turned out 700,000 oz of gold from 1936 to 1959. The program …
U.S. REPORT Southlands Plans Placer Production
Placer production is planned for the Bidwell gold property near Redding, Calif., by joint venture partners, Bren-Mar Resources (VSE) and Southlands Mining Corp. (VSE). An agreement between the compani…
Lenders balk at Sceptre bid to acquire ailing Oakwood
Calgary-based Sceptre Resources (TSE) is still waiting for approval from a number of creditors before going ahead with its plan to acquire the assets of debt ridden Oakwood Petroleums (TSE) Sceptre mu…